Market Highlights: The library management software is an enterprise management and resource planning software used to carry out library functions such as paying bills, and track item orders received and patrons who have borrowed books. To reduce the complexities in libraries, the universities and non-academic institutions deploy library management software. The rise in the need for automation of library functions drives market growth. In addition, product developments capable of offering convenient library management solutions thereby replacing the existing products fuel the growth further. Solutions that quickly provide mobile access to library-linked content further fuel the market. However, growth in concerns about data security restrains the market growth. An increase in the adoption of open-source library management software is expected to create lucrative opportunities for market expansion The market study is being classified by Type (Library Automation, Barcode Generation, Transaction Management,, Database Management and Others), by Application (School library, Public library and Academic library) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Library Management Software are Civica (United Kingdom), Innovative Interfaces (United States), ProQuest(United States), SirsiDynix(United States), Awapal Solutions(India), Axiell(Sweden), Book Systems(United States), Capita(United Kingdom), CR2 Technologies(India) and Evergreen(United States).
Key Questions Answered in the Report What will the Library Management Software Market size and the growth rate be in Future? What are the key factors driving the Library Management Software Market? What are the key market trends and macro-economic impacting the growth of the Library Management Software Market? What are the challenges to market growth? Who are the key vendors in the Library Management Software Market? What are the market opportunities and threats faced by the vendors in the Library Management Software Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Library Management Software Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Library Management Software market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Library Management Software market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Library Management Software Developer, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industry. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.